Guide to Use the Mortgage Calculator
Enter Loan Details:
Loan Amount: Input the amount you wish to borrow. Example: ₹5,00,000.
Annual Interest Rate: Enter the interest rate your lender is offering. Example: 6.5%.
Loan Term: Specify the number of years for the loan repayment. Example: 10 years.
Calculate the Monthly Payment
Click on the Calculate Payment button after entering all the values.
The calculator will compute the monthly payment using a formula and display the result below.
3. Review Your Results
The monthly mortgage payment will be shown under Monthly Payment (e.g., ₹6,567.89). This is the amount you'll need to pay every month.
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